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India Health Insurance Rate Hike
India, the health insurance premiums have touched new heights! Each flower is common knowledge that most health insurance contracts annually suffer a rate increase at the end of the year. This trend is not new and should be expected. Every time I see this problem appear to start the blame game. Floridians blame Health insurance companies, health insurance companies blame hospitals, doctors and other healthcare providers, healthcare providers and politicians blame the inflation, well, not really know what they do to help the issue ... No one seems interested in finding the real cause of the increased rate of health insurance premium. Most people, self employed and small business owners have been raising rates in India Health Insurance and evil inevitable.
Hard Data
What are the various reports that tell us? Why is health insurance premium have annual rate increases?
Inflation rate and increased health insurance premium rate.
India's health expenditure in 2004 has increased significantly, has more than three times the rate of inflation. In this year the inflation rate was about 2.5%, while national health expenditures were about 7.9%. The employer health insurance or health insurance has increased by approximately 7.8% in 2006, which is nearly double the rate of inflation. In short, last year in 2006, annual premiums of group health plan sponsored by an employer was about $ 4250 for a single premium plan, while the average family premium was about $ 11,250 per year. This indicates that in the year 2006, the employer-sponsored health insurance premium rose 7.7 percent. Taking the biggest hit were small businesses that had 0-24 employees. There are health insurance premiums increased by almost 10.4%
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